OGE Management Meeting: Regulatory Relations Improving and Capital Expenditures Should Be Steady
We are reaffirming our no-moat and stable moat trend ratings, along with our $29 fair value estimate for OGE Energy after meeting with senior management at the Edison Electric Institute Financial Conference in Phoenix, Arizona. Although OGE owns a 26% limited partner interest in Enable Midstream Partners LLC, and unlike our meeting earlier in the day with CenterPoint, owner of 55% of Enable, the focus of the discussion was on OGE's regulated unit, Oklahoma Gas & Electric Company.Although re...
OGE Energy is a holding company. Through its subsidiaries, the company is an energy and energy services provider providing physical delivery and related services for both electricity and natural gas primarily in the south central United States Co. conducts these activities through two business segments: electric utility, which generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas; and natural gas midstream operations, which consist of the company's investment in Enable Midstream Partners, LP, which is primarily engaged in the business of gathering, processing, transporting and storing natural gas.
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